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发表于 18-9-2020 10:36 PM
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RM0.835.... |
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发表于 6-11-2020 04:09 PM
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为何我喜欢Jaya Tiasa （4383）
现价：0.765
目标价：1.55
Jtiasa是一家由丹斯里张晓卿控制的砂拉越棕榈油和木材公司。它在砂拉越拥有69589公顷（171958英亩）完全成熟的棕榈油种植园。
在2016财政年度，Jaya Tiasa盈利8200万令吉或每股5.6分。同年，Jtiasa的最高股价为1.79令吉。该年的CPO平均售价为RM2,770 ; 鲜果串平均售价为RM543。同年的夹板价格超过每sheet 500美元以上。
在2020财政年度，Jaya Tiasa亏损1.29亿令吉或每股7.45分。同年的最高股价是RM1.12。 CPO的平均售价为RM2,177 ；鲜果串的平均售价为RM420。如果我们阅读Jtiasa的最后一个季度业绩，它亏损了3,600万令吉，但实际上不包括木材交易的一次性减值，实际季度盈利为6,200万令吉！除此之外，Jtiasa在同年取得了1亿8100万令吉的净现金流量，以及减少了1亿6千万令吉的债务。
在最新的Jtiasa年度报告中，我们还发现Dynaquest的超级投资者梁孙健老师成为Jtiasa持有2,373,000股股票的前三十名大股东，而另一位超级投资者Kong Goon Khing成为了持有16,000,000股股票的前三十名股东。 （孔先生也是另一家棕榈油公司TDM Berhad的第四大股东。）
在经历了几年的亏损之后，Jtiasa在2020年实现了大幅度的复苏。该复苏是由于夹板价格在2020年10月恢复到每sheet 519美元以上，而CPO价格在2020年11月6日恢复到3,300令吉以上。如果不考虑减值，Jtiasa在2020年的实际利润应超过1.2亿令吉。管理层非常聪明，可以使用财务方法在2020年为Jtiasa节省至少3000万令吉的税款！
简而言之，我们预计Jtiasa在2021财政年度将会实现1.5亿令吉的净利润，或预测市盈率仅为现股价RM0.765的5.06倍市盈率。因此，我们将2021财政年度的目标价格设定为1.55令吉或10倍的市盈率。我们预计2021年砂拉越州选举Jtiasa可能会成为砂拉越的主题股，同时由于供应减少的原因未来几个月对CPO的价格有利。 由于美国大选，夹板的销售量大涨，夹板的售价也提高了。 （由于担心大众对总统选举结果感到不满，市民购买了夹板以密封商店，以防发生骚乱。）
That’s why I like Jaya Tiasa (4383)
Current price RM0.765
Target price RM1.55
Jtiasa is a sarawak palm oil and timber company controlled by Tan Sir Tiong Hiew King. It owns 69,589 hectares (171,958acres) fully matured palm oil plantations in Sarawak.
In the financial year of 2016, Jaya Tiasa made a profit of RM82millions or 5.6 earning per share. In the same year the highest share price of Jtiasa was RM1.79. The cpo average selling price of the year is RM2,770 or average ffb selling price of RM543. Plywood prices of the same year stand above USD500+ per sheet.
In the financial year 2020, Jaya Tiasa made a loss of RM129millios or loss per share of 7.45cents. In the same year the highest share price was RM1.12. The cpo average selling price is RM2,177 or average ffb selling price of RM420. If we read the last quarter result of Jtiasa, it made a loss of RM36millions, but in fact excluded the one time impairment of timber session, it actually made a profit of RM62millions in just one quarter! Besides that, Jtiasa achieved net cash flow of RM181millions and debt reduced by RM160millions in the same year.
In the latest Jtiasa annual report, we also found that Dynaquest’s super investor Mr Neoh Soon Kean emerged as top thirty shareholder of Jtiasa holding 2,373,000 shares while another super investor Mr Kong Goon Khing emerged as top thirty shareholder who held 16,000,000 shares. (Mr Kong is also the 4th largest shareholder of another palm oil company - TDM Berhad.)
Jtiasa is recovering drastically in 2020 after making a few years of losses. The recovery is due to plywood price recovering to above USD519 per sheet in Oct 2020 and CPO price recovering to over RM3,300 as at 6th Nov 2020. Without considering the impairment, the actual profit of Jtiasa in year 2020 should be above RM120millions. The management is very smart to use a financial method to save at least RM30millions tax expense for Jtiasa in 2020!
In a nutshell, we are expecting Jtiasa to make a net profit of RM150millions in financial year 2021or forward PE of just 5.06times. So we fix a target price of RM1.55 or target PE of 10times for the financial year of 2021. We are expecting Sarawak state election in 2021 and Jtiasa could lead Sarawak themes play, while a favourable pricing of CPO in next few months due to supply reduction and also higher selling price of plywood due to the US election. (Citizens bought plywood to seal their shop in case of riot due to public unhappiness towards the presidential poll result.)
[color=var(--blue-link)]https://www.facebook.com/HollandStock/
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发表于 10-11-2020 10:15 PM
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RM0.83............... |
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发表于 22-11-2020 07:14 AM
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Date of change | 30 Jul 2020 | Name | GEN (R) TAN SRI ABDUL RAHMAN BIN ABDUL HAMID | Age | 81 | Gender | Male | Nationality | Malaysia | Designation | Non Executive Chairman | Directorate | Independent and Non Executive | Type of change | Resignation | Reason | Due to personal commitment |
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发表于 26-11-2020 11:33 PM
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本帖最后由 icy97 于 27-11-2020 04:21 AM 编辑
| 4383 JTIASA JAYA TIASA HOLDINGS BHD | | Quarterly rpt on consolidated results for the financial period ended 30/09/2020 | | Quarter: | 1st Quarter | | Financial Year End: | 30/06/2021 | | Report Status: | Unaudited | | Submitted By: |
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| Current Year Quarter | Preceding Year Corresponding Quarter | Current Year to Date | Preceding Year Corresponding Period |
| 30/09/2020 | 30/09/2019 | 30/09/2020 | 30/09/2019 |
| RM '000 | RM '000 | RM '000 | RM '000 | 1 | Revenue | 221,095 | 232,526 | 221,095 | 232,526 | 2 | Profit/Loss Before Tax | 46,996 | 31,026 | 46,996 | 31,026 | 3 | Profit/(loss) attributable to ordinary equity holders of the parent | 34,844 | 15,774 | 34,844 | 15,774 | 4 | Net Profit/Loss For The Period | 34,941 | 16,165 | 34,941 | 16,165 | 5 | Basic Earnings/Loss Per Shares (sen) | 3.60 | 1.63 | 3.60 | 1.63 | 6 | Dividend Per Share (sen) | 0.00 | 0.00 | 0.00 | 0.00 |
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| As At End of Current Quarter | As At Preceding Financial Year End | 7 | Net Assets Per Share (RM) |
| | 1.1800 | 1.1500 |
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发表于 27-12-2020 08:01 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS | Description | DISPOSAL OF A PARCEL OF LAND TOGETHER WITH A DETACHED SHOPHOUSE ERECTED THEREON BY RIMBUNAN HIJAU PLYWOOD SDN BHD, A WHOLLY-OWNED SUBSIDIARY, TO RELATED PARTY | The Board of Directors of Jaya Tiasa Holdings Berhad (the "Company") wishes to announce that Rimbunan Hijau Plywood Sdn Bhd, a wholly-owned subsidiary of the Company, has entered into a Sale and Purchase Agreement for the disposal of a parcel of land together with a detached shophouse erected thereon to Moverstar (M) Sdn Bhd, a wholly-owned subsidiary of Oriental Evermore Sdn Bhd, a related party.
Please refer to the attachment for details of the announcement.
This announcement is dated 26 August 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3081665
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发表于 25-1-2021 09:42 PM
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吉隆坡读者王先生问：常成控股（JTIASA，4383，主板种植组）可以买进吗？前景如何？
答：常成控股的油棕业务获得产品售价走高带动，加上木材业务亏损缩减，艾芬黄氏研究看好该公司截至2021年6月止财政年盈利将按年飙高超过2倍，开启转亏为盈征途。
不过，分析员估计，2022财政年盈利将下跌，归因于原棕油行情可能在产量增加之下走低，造成油棕业务贡献减少，进而影响全年盈利表现。
该行保持常成控股2021至2022财政年原棕油平均售价介于每公吨2500至2700令吉预测，高于2020财政年的每公吨2054令吉。
原棕油行情2020年V型反弹后，预计2021上半年将继续走强，这主要是库存减少、气候影响产量和食油涨价等利多提振。
至于2021下半年，随著产量回升，原棕油价格可能承压。
艾芬黄氏指出，常成控股的木材业务也迎来市场需求止跌回升利多。
随著行动管制和封锁措施从2020年中放松，建筑工程也逐步恢复运作，这有助改善木材产品需求。
市场需求复苏之际，全球木材产品供应却减少，预期木材价格将因而上扬。
常成控股正加强核心棕油和木材业务的环保标准。该公司所有油棕园和榨油厂都已获得大马永续棕油认证（MSPO），管理层也设下2022年之前为所有木材许可证获得森林管理单位（FMU）认证的目标。
同时，该公司采用绿色制造规范来管理和重新种植森林，以保护环境和野生动植物。
将从2021财政年起摆脱亏损
艾芬黄氏看好常成控股将从2021财政年起摆脱亏损，2021至2023财政年有望录得8880万、6870万和5830万令吉净利，营业额各报8亿5160万、8亿5840万和8亿7300万令吉，周息率则同为2%。
该行说，常成控股的油棕和木材业务改善，是该行看好其业务展望，并给予1令吉32仙目标价和“买进”评级的主要理由。
本栏并无作出任何股票交易的建议，一切买卖盈亏自负，在采取投资行动前，请依本身的投资条件与情况及向你的证券经纪咨询。 |
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发表于 26-1-2021 12:46 PM
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发表于 26-1-2021 08:27 PM
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看它来看它去。。。。。
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发表于 8-3-2021 08:10 AM
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本帖最后由 icy97 于 19-8-2021 08:48 AM 编辑
Date of change | 15 Oct 2020 | Name | DATO' SRI TIONG CHIONG HOO | Age | 59 | Gender | Male | Nationality | Malaysia | Type of change | Redesignation | Previous Position | Executive Deputy Chairman | New Position | Executive Chairman | Directorate | Executive |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Degree | Law | Monash University, Australia | Bachelor of Law and is a registered barrister | | 2 | Degree | Economics | Monash University, Australia | Bachelor of Economics |
Working experience and occupation | Dato Sri Tiong Chiong Hoo is responsible for developing the corporate/business strategy and attaining the long-term growth objectives of the Group. His relevant experience and knowledge in timber and plantation industries gained over time and familiarity with markets of our products have enabled him to address strategic issues and risks relating to the Groups businesses. His long standing experience with the regulatory authorities' policies are invaluable to the group. He is also the Chief Executive Officer of Rimbunan Hijau Group, a large diversified conglomerate in Malaysia comprising a range of industries such as media and publishing, oil palm plantations and mills, timber operations, oil and gas, mining, and other business around the world. | Family relationship with any director and/or major shareholder of the listed issuer | Dato' Sri Tiong is the son of Tan Sri Datuk Sir Tiong Hiew King, a major shareholder of the Company. His uncle, Dato Sri Dr Tiong Ik King, sister, Mdm Tiong Choon, and cousin, Mr Tiong Chiong Hee are also members of the Board. | Any conflict of interests that he/she has with the listed issuer | Nil | Details of any interest in the securities of the listed issuer or its subsidiaries | Direct interest - 3,353,436 ordinary sharesIndirect interest - 750,000 ordinary shares |
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Sep 2020 | 30 Sep 2019 | 30 Sep 2020 | 30 Sep 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 221,095 | 232,526 | 221,095 | 232,526 | | 2 | Profit/(loss) before tax | 46,996 | 31,026 | 46,996 | 31,026 | | 3 | Profit/(loss) for the period | 34,941 | 16,165 | 34,941 | 16,165 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 34,844 | 15,774 | 34,844 | 15,774 | | 5 | Basic earnings/(loss) per share (Subunit) | 3.60 | 1.63 | 3.60 | 1.63 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.1800 | 1.1500
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Date of change | 24 Dec 2020 | Name | DATO' SRI TIONG CHIONG HOO | Age | 60 | Gender | Male | Nationality | Malaysia | Designation | Executive Chairman | Directorate | Executive | Type of change | Demised |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Degree | Law | Monash University, Australia | Bachelor of Law and was a registered barrister | | 2 | Degree | Economics | Monash University, Australia | Bachelor of Economics |
Working experience and occupation | Not applicable. | Family relationship with any director and/or major shareholder of the listed issuer | Not applicable. | Any conflict of interests that he/she has with the listed issuer | Not applicable. | Details of any interest in the securities of the listed issuer or its subsidiaries | Shares held in the CompanyDirect interest - 3,353,436 ordinary sharesIndirect interest - 750,000 ordinary sharesShares held in subsidiary companiesNil |
Date of change | 07 Jan 2021 | Name | MR TIONG CHIONG HEE | Age | 47 | Gender | Male | Nationality | Malaysia | Type of change | Redesignation | Previous Position | Non Executive Director | New Position | Executive Director | Directorate | Executive |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Degree | Commerce | University of Melbourne, Australia | |
Working experience and occupation | Mr Tiong Chiong Hee is the Managing Director of Mafrica Corporation Sdn Bhd, a company with operations in logging (both in Malaysia and Overseas) and oil palm plantations since 1997.Currently, he holds directorships in a group of private limited companies. | Family relationship with any director and/or major shareholder of the listed issuer | Mr Tiong Chiong Hee is a family member of Tan Sri Datuk Sir Tiong Hiew King (a major shareholder of the Company) and Dato' Sri Dr Tiong Ik King and Mdm Tiong Choon (Directors of the Company). |
Date of change | 07 Jan 2021 | Name | MISS CLARA TIONG SIEW EE | Age | 29 | Gender | Female | Nationality | Malaysia | Designation | Executive Director | Directorate | Executive | Type of change | Appointment |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Masters | Commerce | Royal Melbourne Institute of Technology | | | 2 | Degree | Marketing | Royal Melbourne Institute of Technology | |
Working experience and occupation | Ms Clara Tiong Siew Ee has served in various managerial and senior positions in Oriental Evermore Group of Companies principally engaged in logistics, hospitality and real estate business since 2015.She has also been a Personal Assistant to the Executive Chairman of the Company for the period from 2017 to 2020 handling a wide range of administrative and executive support related tasks.Currently, she sits on the Board of a subsidiary of the Company and holds directorships in a group of private limited companies. | Directorships in public companies and listed issuers (if any) | Nil | Family relationship with any director and/or major shareholder of the listed issuer | Ms Clara Tiong Siew Ee is a family member of Tan Sri Datuk Sir Tiong Hiew King (a major shareholder of the Company) and Dato' Sri Dr Tiong Ik King, Mdm Tiong Choon and Mr Tiong Chiong Hee (Directors of the Company). |
Date of change | 07 Jan 2021 | Name | TAN SRI DATO' SRI MOHAMAD FUZI BIN HARUN | Age | 61 | Gender | Male | Nationality | Malaysia | Type of change | Redesignation | Previous Position | Independent Director | New Position | Non Executive Chairman | Directorate | Independent and Non Executive |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Masters | Anthropology & Sociology | University of Kebangsaan Malaysia | | | 2 | Degree | Bachelor of Arts (Honours) | University of Malaya | | | 3 | Others | Advance Management and Leadership Programmes | SAID Business School at Oxford University, United Kingdom | |
Working experience and occupation | Tan Sri Dato' Sri Mohamad Fuzi Bin Harun is a retired Inspector-General of the Royal Malaysia Police (IGP) who had served the Police Force for 35 years.He joined the Royal Malaysia Police in 1984. After completion of the basic police trainings, he was attached to the Special Branch Department from 1986 to 2014 and served in various capacities, including Deputy Director of the Special Branch and Director of Special Task Force on operation and counter terrorism. He had also served as the Director of the Management Department for more than a year and was subsequently promoted as the Director of the Special Branch in July 2015.In September 2017, he was further promoted as the IGP, the highest-ranking position in the Royal Malaysia Police, until his retirement in May 2019.Currently, he is an Independent Non-Executive Director of Tropicana Corporation Berhad and holds directorships in several private limited companies. |
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发表于 8-1-2022 08:16 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2021 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Sep 2021 | 30 Sep 2020 | 30 Sep 2021 | 30 Sep 2020 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 145,997 | 221,095 | 145,997 | 221,095 | | 2 | Profit/(loss) before tax | 37,123 | 46,996 | 37,123 | 46,996 | | 3 | Profit/(loss) for the period | 24,531 | 34,941 | 24,531 | 34,941 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 24,570 | 34,844 | 24,570 | 34,844 | | 5 | Basic earnings/(loss) per share (Subunit) | 2.54 | 3.60 | 2.54 | 3.60 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.2000 | 1.1800
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发表于 21-2-2022 09:50 PM
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本帖最后由 icy97 于 22-2-2022 12:17 AM 编辑
| 4383 JTIASA JAYA TIASA HOLDINGS BHD | | Quarterly rpt on consolidated results for the financial period ended 31/12/2021 | | Quarter: | 2nd Quarter | | Financial Year End: | 30/06/2022 | | Report Status: | Unaudited | | Submitted By: |
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| Current Year Quarter | Preceding Year Corresponding Quarter | Current Year to Date | Preceding Year Corresponding Period |
| 31/12/2021 | 31/12/2020 | 31/12/2021 | 31/12/2020 |
| RM '000 | RM '000 | RM '000 | RM '000 | 1 | Revenue | 239,238 | 151,486 | 385,235 | 372,581 | 2 | Profit/Loss Before Tax | 73,899 | 8,578 | 111,022 | 55,574 | 3 | Profit/(loss) attributable to ordinary equity holders of the parent | 51,074 | 4,633 | 75,644 | 39,477 | 4 | Net Profit/Loss For The Period | 51,042 | 4,589 | 75,573 | 39,530 | 5 | Basic Earnings/Loss Per Shares (sen) | 5.28 | 0.48 | 7.81 | 4.08 | 6 | Dividend Per Share (sen) | 0.00 | 0.00 | 0.00 | 0.00 |
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| As At End of Current Quarter | As At Preceding Financial Year End | 7 | Net Assets Per Share (RM) |
| | 1.2500 | 1.1800 |
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发表于 15-9-2024 02:30 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2024 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2023 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 224,805 | 208,805 | 1,015,792 | 854,952 | | 2 | Profit/(loss) before tax | 31,065 | 38,336 | 206,593 | 166,797 | | 3 | Profit/(loss) for the period | 15,617 | 58,335 | 141,132 | 151,802 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 15,676 | 58,219 | 141,033 | 151,791 | | 5 | Basic earnings/(loss) per share (Subunit) | 1.62 | 6.01 | 14.57 | 15.68 | | 6 | Proposed/Declared dividend per share (Subunit) | 3.50 | 1.70 | 6.00 | 3.20 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.5800 | 1.4200
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发表于 15-9-2024 08:16 AM
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Entitlement subject | Second Interim Dividend | Entitlement description | Second Interim Single Tier Dividend of 3.5 sen per ordinary share in respect of the financial year ended 30 June 2024 | Ex-Date | 13 Sep 2024 | Entitlement date | 17 Sep 2024 | Entitlement time | 5:00 PM | Financial Year End | 30 Jun 2024 | Period |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Payment Date | 30 Sep 2024 | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 17 Sep 2024 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | 12 Sep 2024 | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Currency | Announced Currency | Malaysian Ringgit (MYR) | Disbursed Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | Malaysian Ringgit (MYR) 0.0350 | |
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